Friday
Mar062015

Historical Bull Markets for the S&P 500

In this week's Bespoke Report, we published the table below ahead of Monday's six-year anniversary of the S&P 500's 3/9/09 bear market low.  As we noted Friday, the bull market will have to celebrate its sixth birthday retroactively unless a new closing high is made on Monday.

The generally accepted measure for a bull market is a rally of at least 20% that was preceded by a decline of at least 20% (based on closing prices).  Using this calculation, below are two tables showing historical bull markets for the S&P 500 going back to 1928.  The table on the left shows bull markets by date (oldest to most recent), while the table on the right shows bull markets by length (from longest to shortest).

Looking at the table on the right, the current bull market now ranks 4th in terms of longest bull markets on record.  Since its beginning at the close on March 9th, 2009, the current bull market has lasted 2,184 days (through the 3/2/15 closing high), and the S&P has gained 212.98% over this time period.  The 212.98% gain for this bull market is also the 4th strongest on record.

Should the S&P go on to take out its highs from last Monday, the current bull needs to hang on for 61 more days to surpass the third longest bull market on record that ran from 10/3/1974 to 11/28/1980.  

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